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Scalability and extensibility were important factors when considering a new solution for commercial client profitability. Oracle Financial Services Analytical Applications deliver both and much more—it is a powerful business rules and analytics engine that puts dynamic, actionable information in the hands of the professionals who need it.
KeyBank, a rapidly growing regional bank, understands that the combination of strong and profitable customer relationships will unlock the door to continued success. Focused on this goal, the bank wanted to deliver consistent information across the enterprise, driving a 360-degree view of the client relationship and empowering team members with more timely and actionable intelligence.
Oracle Financial Services Analytical Applications enables us to organize profitability data around the client and relationship manager, which is very important to us. We now have the flexibility to rapidly add or change client profitability analytics to meet the changing needs of our line of business stakeholders.
KeyBank worked with Huron Consulting Group throughout the project, going live in Fall 2016. The implementation of Oracle Financial Services Analytical Applications and Oracle Business Intelligence Enterprise Edition was a major initiative at KeyBank. As such, ensuring strong executive sponsor support, financial leadership, and a strong partnership between business stakeholders, finance, and technology were priorities from day one. KeyBank continues to expand its use of the platform and the strong analytical capabilities it provides.
KeyBank is an American regional bank headquartered in Cleveland, Ohio. Upon completing its purchase of First Niagara Bank in 2016, Key became the 18th-largest U.S. bank by total assets. It operates in 15 states and holds assets of approximately $136.5 billion.
Huron Consulting Group played an instrumental role in the project’s success. The group’s involvement began with a six-month requirements and design engagement. KeyBank required an implementation plan that would enable the group to remain strategically aligned with the company’s broader data supply chain initiative, which was also ongoing. Huron Consulting’s expertise and extensive knowledge of Oracle Financial Services Analytical Applications and Oracle Business Intelligence Enterprise Edition were vital to achieving this objective. The group then worked with KeyBank through implementation and rollout, and continues to help the financial services organization optimize its use of the powerful platform.